Don’t write off the commodities super-cycle just yet

Here’s something unexpected: commodity prices have actually been rising, at least according to Bank of Nova Scotia’s monthly commodity price index.The index rose in March by 1.6 per cent over February and inched up slightly in the first quarter as a whole.“Firmer overall prices in March – likely a surprise to financial markets – were led by the oil and gas index (+6.8 per cent month over month),” Scotiabank said.
In the plus column were Western Canadian heavy oil, natural gas export prices to the U.S., and propane prices, and for non-energy commodities, forest and agricultural products………………………………………..Full Article: Source